Results for Hindustan Zinc's second quarter: Vedanta unit reduces guidance for saleable refined metal Silver

For the entire year, Hindustan Zinc Ltd., a division of the mining conglomerate Vedanta Ltd., which is owned by Anil Agarwal, anticipates reduced output of its saleable steel and refined metal. On Friday, October 17, the firm made this announcement as part of its September quarter results. The company's revised forecast for Refined Metal output for the entire year is 1,065–1,085 kt, as opposed to the 1,090–1,110 kt that was previously anticipated. Additionally, saleable silver production has decreased from 700 to 710 mt to 670 to 690 mt. Compared to the same quarter last year, net sales for the period climbed by 3.5% to ₹8,550 crore.